Sedric AI, a leading innovator in AI-driven compliance solutions for financial institutions, announced today that it has successfully secured $18.5m in Series A funding. The funding round was spearheaded by Foundation Capital, with significant contributions from Amex Ventures and further support from existing investors including StageOne Ventures and The Garage. This investment brings Sedric AI’s...Read More

Xapien, a pioneering AI due diligence provider, announced today its successful $10m Series A funding round, led by YFM Equity Partners. The investment elevates Xapien’s total funding to $17.8m. With this new capital, Xapien is set to continue revolutionizing the way businesses conduct due diligence. The company’s plans include accelerating the development of its advanced...Read More

Gupshup, known as the world’s leading Conversation Cloud, and Tonik Bank, the first digital-only neobank in the Philippines, have joined forces to create a pioneering Generative AI chatbot for the Tonik mobile app. The partnership aims to revolutionize digital banking by providing Tonik’s customers with instant and precise responses to their banking inquiries, enhancing user...Read More

Environmental, Social, and Governance (ESG) considerations are becoming increasingly central to corporate strategies. Companies and investors are prioritizing ESG factors to drive sustainable and ethical decision-making processes. As ESG analysis becomes more prominent, it’s essential for stakeholders to stay informed and ahead of industry trends. IntellectAI, a provider of personalised wealth advisory and risk management...Read More

Imagine an insurance industry where decisions are made with the speed and precision of a machine, yet imbued with the empathy and discernment of a human. This is not a futuristic dream but a present-day reality being shaped by the integration of AI in insurance underwriting. As AI takes on more significant roles, automating data-intensive...Read More

US fraud volumes and losses continue their alarming annual increase, exacerbating an already worrisome trend in the financial sector. A new study, released jointly by PYMNTS and HAWK:AI, a leader in enterprise financial crime prevention software, points to the urgent need for innovative technologies to battle this growing menace. The report, titled “Increasing Fraud Heightens...Read More